Carson City, NV (April 15, 2025) |
Representing more than 400,000 credit union members across the Silver State, Nevada’s Credit Unions gratefully acknowledged yesterday’s proclamation by the Nevada State Senate and Assembly as they both declared April 2025 as “Financial Literacy Month.”
Senate Concurrent Resolution 4 (SCR 4), read on the Senate floor and Assembly floor of the capitol building in Carson City, highlights the importance of financial education for all Nevadans and underscores the state’s commitment to empowering its citizens through sound financial practices.
The proclamation recognizes the Nevada State Legislature’s past actions, including the passage of Senate Bill 314 in 2019 and Assembly Bill 274 in 2023, which advanced financial literacy initiatives in Nevada schools and classrooms. It also acknowledges the vital work of the Nevada State Financial Literacy Advisory Council in developing and promoting financial education resources.
The proclamation emphasizes the stark realities of financial illiteracy, citing statistics from the Organization for Economic Co-operation and Development, EVERFI, and Experian, which reveal alarming gaps in financial knowledge among young adults. It also highlights studies demonstrating the positive impact of financial literacy programs on students’ financial decision-making and financial health.
“This proclamation is a testament to the Nevada State Senate and Assembly’s dedication to fostering a financially empowered community,” said Scott Simpson, President and CEO of Nevada’s Credit Unions. “Credit unions have long been advocates for financial education, and we are thrilled to see our state leaders share this commitment. We believe that by equipping individuals with the knowledge and skills to manage their finances effectively, we are building a stronger and more prosperous Nevada.”
CEOs and leaders from Silver State Schools Credit Union, Great Basin Federal Credit Union, Elko Federal Credit Union, Financial Horizons Credit Union, and Rize Credit Union attended the proclamation reading, demonstrating the credit union movement’s unified support for financial literacy initiatives.
Financial literacy is not just about credit union numbers — it’s about empowering individuals to achieve their dreams. Nevada’s Credit Unions is grateful to the Nevada Senate and Assembly for recognizing the importance of this issue and for its support of credit unions’ efforts to educate and uplift local communities across the state.
“We want to thank every state senator who supported this proclamation,” Simpson said. “The commitment displayed by our legislators to this cause is truly commendable.”
Nevada’s Credit Unions remains committed to working alongside state leaders, educators, and community partners to ensure that all Nevadans have access to quality financial education resources. The proclamation of April 2025 as Financial Literacy Month is a powerful reminder of the collective effort required to build a financially literate and prosperous future for the state.
Videos of Financial Literacy Month introduced on the Senate and Assembly floors:
- Nevada State Senator James Ohrenschall.
- Nevada State Senator Melanie Scheible.
- Nevada State Assemblymember Duy Nguyen.
